EURUSD Local S/R| Internal Trend Line| Swing High| Price Action
Evening Traders,
Today’s analysis – EURUSD- trading above Local S/R where a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.50 Fibonacci & Internal Trend Support)
- Swing High Objective
EURUSD’s immediate price action is impulsive above Local S/R that is in confluence with the .50 Fibonacci and internal trend line, a respect here is probable.
The swing high is current objective, price action exceeding this level will likely increase the probability of continuation.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Today’s analysis – EURUSD- trading above Local S/R where a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.50 Fibonacci & Internal Trend Support)
- Swing High Objective
EURUSD’s immediate price action is impulsive above Local S/R that is in confluence with the .50 Fibonacci and internal trend line, a respect here is probable.
The swing high is current objective, price action exceeding this level will likely increase the probability of continuation.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer